FHA Loans · CO
FHA Home Loans in Gunnison, CO
Gunnison sits in an elevated FHA zone ($747,500 limit), reflecting the area's higher-than-average home values and giving FHA access to more of the local market.
3.5% Down
$15,470
Monthly Total
$2,938/mo
2026 FHA Limit
$747,500
Income Needed
$102,920/yr
FHA Limit Covers Gunnison
FHA loan limits in GUNNISON County ($747,500) comfortably cover the Gunnison median home price ($442,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$15,470
Lower MIP
FHA 10% Down
$44,200
No PMI
Conventional 20%
$88,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,743 | $195 | $2,938 |
| Conventional 5% down | — | $244 | $2,967 |
Upfront MIP of $7,464 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
CHFA (Colorado Housing and Finance Authority) offers down payment assistance grants and second mortgage products stackable with FHA — eligible buyers may reduce out-of-pocket to near $0. Income and purchase price limits apply.
CHFA Eligible: Colorado Housing and Finance Authority offers down payment assistance grants and second mortgage products stackable with FHA. Income and purchase price limits apply.
FAQs
Get pre-approved for an FHA loan in Gunnison
Low down payment, flexible credit requirements, and DPA stackable programs.